Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
- Good Money Guide experts rate IG Forex Trading highly, noting its excellent range of forex pairs and robust trading platform. They highlight the platform's deep liquidity, which benefits both small and large traders, while also mentioning the lack of forex futures as a limitation. Overall, IG receives a total rating of 4.6/5, with particularly strong scores in market access and research.
- Across 746 user reviews on Good Money Guide, averaging 4/5, customers frequently commend IG for its user-friendly platform, reliability, and extensive range of trading products. Many users appreciate the seamless integration of various investment options, including crypto, and highlight the competitive pricing and educational resources available. However, some users express concerns about occasional trading issues, indicating that while the platform is generally efficient, there are moments when it may not function as expected.
IG Forex Trading Expert rating
Our expert rating is the average of the areas listed here, each scored out of 5 by our team.- Pricing4.0
- Market Access5.0
- App & Platform5.0
- Customer Service4.0
- Research & Analysis5.0
Pros
- Excellent range of forex pairs
- Good forex news, analysis and signals
- Deep FX liquidity
Cons
- No forex futures
- Forex options only available as a CFD or spread bet
See full expert review
Our verdict
Due to its size, IG offers some of the best liquidity for forex trading, meaning that smaller clients get tight pricing and high-volume forex traders won’t find it hard to execute larger orders. IG’s forex trading offering is one of the best around with a wide-ranging and competitive margin FX service across several dealing platforms which will comfortably meet most retail traders’ needs.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Is IG a good forex broker?
Yes, you can trade forex as either a spread bet or CFD in the UK, and on the IG platform forex pairs are grouped by, major, minor, exotic and emerging crosses, which are rankable by the popularity of an FX pair.
Forex Signals
You can also hunt out upcoming trading signals, which are directly linked to a trading ticket (with corresponding stops and limits) for quick execution. These stops can be guaranteed stops (which will always be filled at your price no matter is the market gaps below) or trailing stops that move based on how profitable your position is).
Forex Options
You can trade forex options on a daily, weekly or quarterly basis for major pairs from £1 per point, if you want to take limited-risk forex positions. One of the lesser used but most helpful features through is the ability to trade forex when others can’t over the weekend. IG provides a weekend market for EURUSD, GBPUSD and USDJPY on Saturday and Sunday. Pricing is obviously wider, it does help provide some more control over your positions.
IG Forex Trading Platform
To trade an individual forex pair, the platform “workspace” gives a good overview with quick access to news, analysis, and integrated trading signals (from Autochartists and PIA). The market data page also gives some good indicators of IG client sentiment, how much a forex pair has been traded within the last hour and month, what excepted price ranges are and what volatility has been like.
Customer reviews for IG
Customer ratings come from reviews left on this site. Every review is read and approved before it is published.Based on 746 reviews
- Excellent38%
- Very good36%
- Basic18%
- Poor5%
- Bad3%
Read customer reviews
Trust
Desktop app is very easy to use, competitive rates.
Breadth
Breadth of products. Low fees.
Trustworthy
Great range of products available. Like the new bold challenging approach.
Coverage
They have everything you could want and more
Reliable
Excellent platform, reliable feeds and lots of 24 hour markets to choose from.
Great platform
IG is great at giving investors and traders a powerful, all-in-one platform to access and trade a wide range of markets with speed, flexibility, and control. The product stands out for its breadth across CFDs, spread betting, shares and more, combined with robust charting tools, real-time data, and advanced order types that let users act quickly on market movements. It is particularly strong for people who want to express short-term views or manage risk actively, offering leverage, hedging capabilities, and seamless switching between instruments, all within a platform that still feels relatively reliable and professional compared to many competitors.
Good liquidity
Good liquidity. Weekend markets.
Trust
I use IG for both trading and investing across different markets. The platform is reliable, easy to use, and offers a wide range of assets. I also find their market insights and tools helpful for making informed decisions.
Seamless
Just feel like i can trust the platform 100%
Amazing
Their expert knowledge is something I really value, up to the date analysis is fantastic.
Well-rounded
Great multi-asset platform.
excellent
tight spreads, great liquidity
Fair
Excellent mobile and web app deployments.
Colourful
Userface so easy to see use and interact with
Innovative, Supportive
Helping me to feel comfortable within the chaos of trading, and the chaos of the UK trading & tax environment.
Professional
IG has grown significantly over the past few months. They're way more visible in the UK and their products are improving beyond their traditional trading platform. They also announced some exciting new features and products this year which show their commitment to go beyond traditional, old school trading.
Reliable
Excellent platform and investing/trading education.
Mastery
They are innovative – have a really clear App interface – and provide me with enough learning and knowledge platforms to quickly elevate my knowledge giving me confidence to invest.
Professional
User friendly
Trustworthy
Easy to use platform and helpful information.
Despite IG’s original name being IG Index and before that Investors Gold Index, you can trade forex on their platform. Unlike most other forex brokers, which see the largest percentage of their volumes in the forex markets, IG’s most popular asset class is indices, followed closely in second by currency trading.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as The Sunday Times, BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
